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Aanchal Sugandh

Why Wall Street Thinks You Should Buy Broadcom Stock Before June 3

Broadcom Wall Street AVGO Susquehanna VMware

As Broadcom (AVGO) gears up to unveil its Q2 FY2026 results and business outlook after the closing bell on Wednesday, June 3, Wall Street appears ready to roll out the red carpet. Susquehanna has thrown its weight behind Broadcom ahead of the company's Q2 earnings drop, bumping its price target from $450 to $490 and holding firm on its “Positive” rating.

The bull case rests squarely on accelerating demand for Broadcom's custom application-specific integrated circuits (ASICs) and its artificial intelligence (AI) networking products. Analysts led by Christopher Rolland see both businesses delivering real upside through the calendar year's first quarter, with custom XPU momentum holding its ground on continued growth inside Alphabet's (GOOG) (GOOGL) Google Tensor Processing Unit (TPU) ecosystem.

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